Monday, September 26, 2022

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Ambuja Cements and Eicher Motors join Rs 1-trillion m-cap club

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The market capitalisation (m-cap) of cement firm Ambuja Cements, and automobile company Eicher Motors hit Rs 1-trillion mark each, as their respective stock prices claimed all-time peaks on Thursday. Individually, Ambuja Cements stood at 100th position in the overall...

Rupee rises 5 paise to 79.47 against US dollar amid rate hike concerns

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The rupee witnessed a range-bound trading in early trade on Thursday as a firm American currency and concerns about hawkish US Fed offset the support from positive domestic equities. At the interbank foreign exchange, the domestic unit...

SpiceJet reintroduces option to lock fare for 48 hours with ‘SpiceLock’

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SpiceJet on Thursday announced the reintroduction of 'SpiceLock', a unique service that allows passengers to lock their desired fare for 48 hours without name, thus allowing passengers to plan their journey without worrying about fares...

Byju’s logs surprise fall in FY21 revenue, loss increase to Rs 4,500 crore

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“If this can’t break us, nothing will,” said Byju Raveendran, Founder and CEO of India's most-valued startup Byju's, as he revealed his company's FY21 (2020-21) financials after a year-long wait. The company's revenue fell 3...

Paytm partners with Flipkart for Big Billion Days 2022 as payments partner

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One97 Communications Limited that owns the brand Paytm, digital payments and financial services company and the pioneer of QR and mobile payments, today announced its partnership with the flagship event of Flipkart - The...

IDFC FIRST Bank and WhatsApp enters into partnership to enable FASTag recharge

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 Private sector lender IDFC First Bank on Thursday announced the start of its integration with ‘payments on WhatsApp’ to enable simple and secure FASTags recharge for the Bank’s customers. IDFC FIRST customers will now be...

India to host G20 summit next September, Invite Singapore, Mauritius, Arab States

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India will assume presidency of the G20, or Group of Twenty, from December and host the summit of leaders of the world's 20 largest economies in New Delhi during September 9-10 next year, the...

Tata Sons to invest Rs 975 crore in Pune IT City Metro rail project

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Tata Sons, holding company of the Tata group, is investing Rs 975 crore in Pune IT City Metro Rail, a special purpose vehicle that has won the contract to construct, operate, and maintain the project connecting Shivaji Nagar...

SBI joins Rs 5-trillion market cap club; stock surges 26% in three months

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Public lender State Bank of India (SBI) hit the Rs 5-trillion-mark in market capitalisation (market cap) for the first time on Wednesday after its shares touched a record high of Rs 564.45, up 1 per cent...

India’s forex reserves drop lowest in nearly 2 years; Reached $560 billion mark

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India's foreign exchange (forex) market erased its over $560 billion mark in the week ending September 2. In August month, the reserves witnessed a sharp decline as RBI leaned toward taming rupee depreciation against...

Tata group to relocate Air India, Air India Express, AirAsia India to common office...

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The Tata Group has decided to relocate three out of four airlines under its umbrella to one common office in Gurugram by March 2023. As per the plan, there will be a common office for...

EY decides to split into two firms

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Bosses at the “big four” accountancy firm Ernst & Young have decided to move ahead with a radical break-up plan to separate its audit and advisory businesses, which will now be put to a vote by...

Paytm shares drop over 6% after ED raid

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Shares of One97 Communications (Paytm) on Monday dropped as much as 6.4 per cent after the Enforcement Directorate conducted searches at its offices in a case pertaining to irregularities at lending applications controlled by Chinese entities. Its stock dropped...

India beats UK to become world’s fifth largest economy

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India overtook Britain to become the world's fifth-largest economy, reported Bloomberg. The Indian economy managed to topple the UK from its standing over the last three months of 2021. The report stated that the size...

GDP growth surges to 13.5% in April-June on favourable base, but misses estimates

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India's GDP growth surged to 13.5 percent in April-June from 4.1 percent the previous quarter, data released on August 31 by the Ministry of Statistics and Programme Implementation showed. The sharp uptick in growth was...
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